SBA loans in New Jersey, FY2017

That fiscal year's approvals by lender and by county.

SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.

In FY2017 (1 October 2016 to 30 September 2017) SBA approved 2,326 loans in New Jersey: 2,229 under 7(a) and 97 under 504, worth $870M.

That is up 32% on FY2016, when there were 1,760 approvals worth $809M.

New Jersey accounted for 3.4% of the 68,648 approvals nationwide that year. 105 lenders had at least one approval in the state; TD Bank, National Association had the most, 738.

2,326approvalsFY2016: 1,760

$870Mdollars approvedFY2016: $809M

$100Kmedian 7(a) approvalFY2016: $150K

105lenders with an approval

19,340jobs supported, as reported

Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.

Approvals by lender

The 40 lenders with the most approvals to New Jersey businesses in FY2017, of 105 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2016	Change
1	TD Bank, National Association	7(a)	738	$53.4M	31.7%	226	+512
2	JPMorgan Chase Bank, National Association	7(a)	134	$23.2M	5.8%	109	+25
3	Wells Fargo Bank National Association	7(a)	127	$22.3M	5.5%	211	-84
4	Manufacturers and Traders Trust Company	7(a)	90	$15.0M	3.9%	108	-18
5	Fulton Bank, National Association	7(a)	74	$55.4M	3.2%	56	+18
6	Santander Bank, National Association	7(a)	56	$8.7M	2.4%	70	-14
7	The Bank of Princeton	7(a)	49	$31.6M	2.1%	10	+39
8	Provident Bank	7(a)	49	$28.3M	2.1%	58	-9
9	PNC Bank, National Association	7(a)	47	$12.4M	2.0%	41	+6
10	New Millennium Bank	7(a)	46	$28.3M	2.0%	35	+11
11	Trenton Business Assistance Corporation	504	43	$45.5M	1.8%	44	-1
12	Celtic Bank Corporation	7(a)	43	$8.9M	1.8%	35	+8
13	NewBank	7(a)	42	$27.4M	1.8%	41	+1
14	Sturdy Savings Bank	7(a)	41	$18.1M	1.8%	46	-5
15	BayFirst National Bank	7(a)	39	$9.4M	1.7%	18	+21
16	Empire State Certified Development Corporation	504	37	$46.2M	1.6%	23	+14
17	Trenton Business Assistance Corporation	7(a)	35	$3.7M	1.5%	25	+10
18	First Bank	7(a)	30	$13.1M	1.3%	19	+11
19	Live Oak Banking Company	7(a)	29	$25.1M	1.2%	16	+13
20	Unity Bank	7(a)	25	$21.0M	1.1%	37	-12
21	Wilmington Savings Fund Society FSB	7(a)	24	$17.2M	1.0%	7	+17
22	Peapack Private Bank and Trust	7(a)	23	$22.5M	1.0%	12	+11
23	OceanFirst Bank, National Association	7(a)	23	$19.5M	1.0%	18	+5
24	Citizens Bank, National Association	7(a)	21	$2.4M	0.9%	28	-7
25	BCB Community Bank	7(a)	19	$13.0M	0.8%	19	0
26	Kearny Bank	7(a)	19	$12.8M	0.8%	16	+3
27	Newtek Small Business Finance, Inc.	7(a)	18	$11.3M	0.8%	26	-8
28	Columbia Bank	7(a)	18	$5.4M	0.8%	13	+5
29	Independence Bank	7(a)	18	$2.1M	0.8%	7	+11
30	Customers Bank	7(a)	16	$7.9M	0.7%	9	+7
31	First Commonwealth Bank	7(a)	15	$6.0M	0.6%	11	+4
32	Northeast Bank	7(a)	15	$2.3M	0.6%	8	+7
33	Magyar Bank	7(a)	14	$8.0M	0.6%	11	+3
34	Stearns Bank National Association	7(a)	14	$3.5M	0.6%	24	-10
35	Parke Bank	7(a)	11	$11.3M	0.5%	1	+10
36	Capital One National Association	7(a)	11	$7.0M	0.5%	7	+4
37	Financial Resources Federal Credit Union	7(a)	11	$5.7M	0.5%	30	-19
38	Beacon Bank and Trust	7(a)	11	$4.6M	0.5%	13	-2
39	First Commerce Bank	7(a)	11	$2.1M	0.5%	21	-10
40	The Bancorp Bank National Association	7(a)	9	$9.7M	0.4%	6	+3

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2016	Change
1	Bergen County	367	$138M	15.8%	252	+115
2	Monmouth County	202	$56.6M	8.7%	139	+63
3	Middlesex County	200	$82.4M	8.6%	161	+39
4	Essex County	183	$63.4M	7.9%	119	+64
5	Ocean County	148	$41.0M	6.4%	117	+31
6	Union County	144	$65.5M	6.2%	99	+45
7	Burlington County	133	$54.5M	5.7%	95	+38
8	Hudson County	127	$51.3M	5.5%	109	+18
9	Camden County	123	$40.2M	5.3%	94	+29
10	Morris County	123	$40.8M	5.3%	97	+26
11	Passaic County	120	$55.3M	5.2%	76	+44
12	Somerset County	90	$40.0M	3.9%	65	+25
13	Mercer County	79	$40.3M	3.4%	81	-2
14	Gloucester County	68	$21.4M	2.9%	51	+17
15	Cape May County	61	$31.7M	2.6%	53	+8
16	Atlantic County	54	$16.8M	2.3%	64	-10
17	Hunterdon County	35	$13.7M	1.5%	35	0
18	Cumberland County	25	$8.0M	1.1%	13	+12
19	Warren County	23	$5.1M	1.0%	19	+4
20	Sussex County	13	$2.8M	0.6%	16	-3
21	Salem County	8	$1.4M	0.3%	5	+3

FY2017 against FY2016

New Jersey	FY2017	FY2016
7(a) approvals	2,229	1,686
7(a) dollars	$763M	$715M
Median 7(a) approval	$100K	$150K
504 approvals	97	74
504 dollars	$107M	$94.4M
Jobs supported, as reported	19,340	16,473

Questions and answers

Which lenders made the most SBA loans in New Jersey in FY2017?

TD Bank, National Association (738), JPMorgan Chase Bank, National Association (134), Wells Fargo Bank National Association (127), Manufacturers and Traders Trust Company (90), Fulton Bank, National Association (74). 105 lenders had at least one approval.

How many SBA loans were approved in New Jersey in FY2017?

2,326: 2,229 under 7(a) worth $763M and 97 under 504 worth $107M.

Which New Jersey counties had the most SBA approvals in FY2017?

Bergen County (367), Monmouth County (202), Middlesex County (200), Essex County (183), Ocean County (148).

When does FY2017 start and end?

The federal fiscal year 2017 runs from 1 October 2016 to 30 September 2017.

About these figures

Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error